Bitcoin Short Confirmed.

Hello my followers and fellow traders.

Here is my latest position and looking to short.

Simple. Price Action is king.

Happy Trading :)

Please LIKE and FOLLOW for support. Thank you <3

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A tight stop, short term entry with the trend on the 5 minute. Remember to stick to your risk management rules!
Wait for 5 minute candle to close before entry.

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Driving
Here’s an opportunity
ibb.co/51HrZmC

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Click link ^^

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Has good confluence, top of trading range, tapping off downward trendline. Want price to continue falling down, creating a false breakout on the 5 minute.

https://i.ibb.co/SXk7TTH/87-F60-C94-6224-4-B7-F-9-DC5-2424-D8748602.png

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5 minute showing rejection. Im entering.

https://i.ibb.co/mTYhR4z/51-A8-A6-C6-5930-4-A1-E-9269-39-ABF0-DADBE3.png

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Okay i just got home, here's better screenshots.

5 minute: Waiting for this small black uptrend bar to break to confirm with much more confluence of a continued move down, rejecting off the red down trend line to go with-trend (I believe to be a large correction before shooting up for strong moves - more on this when the time draws closer)

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Breaking..

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Broke the smaller black, uptrending trendline to confirm, tapping off the red down sloping trendline again after initial rejection. Down she goes...

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But we must be wary and know that price action can change based upon what the market participants decide to do.

Let's see how it plays out. Always remember to manage your trades and risk.

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Please like this chart idea and follow me for more analysis in the future. Thanks so much! <3

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Price looks like it's breaking up now.
Also keep in mind we are in a consolidation/ range.

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1. We are in a range.
2. However this will most likely break up due to price action and break of a strong trendline.

On a bigger view, Price has been consolidating within a range/wedge like pattern and hence not showing the behaviour of a sharp correction.
Please look at structures and where price is at. It's now currently trying to breakout above.

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Just redrew a trendline for a short and we are still borderline and therefore possibility for the short to occur still. Have a look.

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If it's going to fall, it's now, great position to get a short in.

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Hi everyone, just an update.

Yes as we see everywhere, it's glaringly obvious that it appears that we have formed a "triangle" and that price has broken above that triangle and is going up currently.
This could possibly still be a valid view.

However, here is an alternative view.

I'm waiting for price to break below this short term THICK, black uptrend line to indicate that the B wave is underway. If price does this, it will give me some indication that this path drawn out is a possibility.
I want price to then drive back up for the C leg of the bigger B leg correction, ending at a point where we've come back to tap the "MAJOR Uptrend Line" once again as resistance and rejecting off of it and the blue horizontal resistance line near the peak of where "Wave 4" ended.
This indicates that price/the market does not want to go past this point and if it begins falling then we could see the price of Bitcoin get driven down for LEG C of the ABC correction.